A List of First-Timers In The Market

Despite the difficulties facing first-time private equity funds in the market, it seems that plenty of ‘em are pushing ahead anyways, for better or for worse. Earlier today peHUB highlighted newcomer TZP Group, a lower-middle market investor named for a biblical reference. But there are many, many other new firms on the block, which I would like to highlight in a handy list.

In the past six months, peHUB has reported on the following first-time funds:

Firm – Amount Raised – Target (in somewhat of a chronological order):

West Hill Partners – X -$500 million

Dominus Capital – $375 million $500 million hard cap

Riverwood Capital – $750 million

Carlyle’s Financial Services Fund – $477.25 million – between $1 billion and $3 billion

Retro Venture Partners – $27.8 million – X

Lee Equity $1 billion – $1.5 billion

Huntsman Gay $1.25 billion – $1.25 billion

Navitas Capital – X – $35 to $50 million

Bacchus Capital Management – X – X

Elysian Capital – £55m – £200 million ($340 million)

Alta Growth Capital – X – $150 million

Blue Horizon –  X – $150 million

KarpReilly – $200 million – $250 million

Prophet Equity – X- $250 million

Relativity Fund X – $300 million

RLJ Equity Partners – Approx. $225 million – $300 million

Fairmont Capital – $25 million – $125 million

Guardian Capital Partners – $37 million – $80 million

Solamere Capital -X – $200 million

Ascential Equity – X – $200 million

Yukon Partners (Mezzanine) – X – $300 million

And sister pub Buyouts has the following on record (in alphabetical order):

Alterna Capital Partners – X – $1 billion

Atlantic Street Capital Management – $35 million – $70 million

Blackpoint Equity Partners – X – $200 million

Centerview Partners – $430 million – $850 million

Endeavor Capital (Mezz) – X – $100 million

High Road Capital Partners – $50 million – $150 million

MSouth Equity Partners – $300 million – $400 million

Stripes Group – X – $250 million

Vinium Capital Management – X – $250 million

ZM Capital – $108.5 million – $250 million

Note: This list is not comprehensive. Am “X” means unknown and does not indicate that no capital has been raised. It merely reflects that peHUB, Buyouts, or other industry publications have not reported any commitments to date.

Email me if you know of others.

An excel spreadsheet of the information is available to download here: First-Time Fundraising Activity 1.21.08